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(cont'd)
Balloon Payment/Remaining
Balance
Find remaining balance after 10 years on
a 30-year, $300,000 loan at 7.5% interest.
KEYSTROKE
O O
3 0 0 0 0 0 L
7 . 5 I
3 0 T
P
1 0 s a
Trust Deed/Purchase Price of a
Note - Fully Amortized
You'd like to buy a mortgage with 15 years
remaining, $100 per month in incoming
payments and you desire a 25% return.
What will you pay for the mortgage? What
if you desire a 20% yield?
KEYSTROKE
O O
2 5 I
1 5 T
1 0 0 P
(price)
L
2 0 I
(new price)
L
4.2843
www.calcert.com
15
10
20
5
25
0
30
DiSPLAY
0.00
300,000.00
7.50
30.00
2,097.64
260,384.96
DiSPLAY
0.00
25.00
15.00
100.000
4,682.68
20.00
5,693.80
sales@calc
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